BSMZvsFLMIETF Comparison
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Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) and Franklin Dynamic Municipal Bond ETF (FLMI) belong to the same industry segment: Municipal Bonds. BSMZ's top 1 sector exposures are Municipal. In contrast, FLMI's top sector exposures are Municipal, Consumer Services and Healthcare. BSMZ is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.3% for FLMI. BSMZ is down -3.02% year-to-date (YTD) with +$48M in YTD flows. FLMI performs worse with -4.5% YTD performance, and +$1.09B in YTD flows. Run a side-by-side ETF comparison of BSMZ and FLMI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BSMZ vs FLMI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSMZ FLMI | -0.13%-1.00% | -4.35%-5.20% | -3.02%-4.50% | -2.21%-4.32% | n/a+12.42% | n/a-1.40% |
| Flows | BSMZ FLMI | +$5M-$38M | +$17M+$143M | +$48M+$1.09B | +$68M+$1.40B | -+$2.28B | -+$2.36B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMZ FLMI | +6.22%+5.82% | +3.99%+3.69% | n/a+3.92% | n/a+3.82% |
| Max drawdown | BSMZ FLMI | -7.24%-7.22% | -8.19%-8.90% | n/a-8.90% | n/a-16.26% |
| Max drawdown duration | BSMZ FLMI | 92d92d | 102d229d | n/a229d | n/a1340d |
Trading data
BSMZ | FLMI | |
Last sale 10/16/2026 at 1:30 PM | $24.01 | $23.62 |
| Previous close 10/15/2026 | $24.00 | $23.61 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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FLMI
is actively managed and doesn’t replicate an indexBSMZ | FLMI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
BSMZ | FLMI | |
|---|---|---|
| Last price | $24.01 | $23.62 |
| 1D performance | +0.06% | +0.04% |
| AuM | $69.48 M | $2.31 B |
| E/R | 0.18% | 0.3% |
Characteristics
BSMZ | FLMI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | Franklin Templeton |
| Benchmark | ICE BulletShares Municipal Bond 2035 Index | - |
| N° of holdings | 467 | 214 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 17, 2025 | August 31, 2017 |
| ESG | No | No |
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Exposure
Countries
BSMZ
USA
38.82%
Other
61.18%
FLMI
USA
38.36%
Other
61.64%
Sectors
BSMZ
Municipal
38.82%
Other
61.18%
FLMI
Municipal
38.03%
Other
61.97%
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Diversification
BSMZ
Total weight of top 15 holdings out of 15
6.39%
FLMI
Total weight of top 15 holdings out of 15
19.5%
Top 15 holdings
Data as of August 31, 2026
BSMZ
New York Liberty Development Corp., 5.25% 1oct2035, USD (2005)
0.71%
New York Thruway Authority, 5% 15mar2055, USD (2025B)
0.47%
Massachusetts School Building Authority, 5% 15feb2055, USD (2025)
0.46%
Chicago O'Hare International Airport, 5.25% 1jan2061, USD (2026A)
0.45%
City of New York, 5.25% 1feb2050, USD (2025)
0.44%
US60637AYQ92
0.43%
US662903J879
0.42%
US67766WV741
0.41%
California Infrastructure and Economic Development Bank, 5.25% 15may2059, USD (2025)
0.41%
California, 5% 1mar2055, USD
0.39%
Omaha Public Facilities Corp., 5% 15apr2050, USD (2025C)
0.39%
New York Transitional Finance Authority, 5.5% 1may2050, USD (2026)
0.36%
Texas Water Development Board, 5% 15oct2042, USD (2025)
0.35%
US64972GL510
0.35%
US64990AWY71
0.35%
FLMI
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
2.08%
Southeast Energy Authority, 5% 1nov2035, USD (2024A)
1.67%
Kentucky Public Energy Authority, 5% 1may2036, USD (2025)
1.66%
Southeast Energy Authority, 5% 1jan2056, USD (2025A)
1.56%
California Community Choice Financing Authority, 5% 1mar2036, USD (2026B)
1.53%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
1.51%
US09182TGL52
1.44%
Kentucky Public Energy Authority, 5% 1jun2034, USD (2026)
1.33%
US592250EW01
1.21%
US771902HS55
1.09%
Texas Municipal Gas Acquisition and Supply Corp., 5% 1apr2036, USD (2026)
0.96%
US292723DZ39
0.93%
US717901CC45
0.89%
US60637AFM99
0.85%
Southeast Energy Authority, 5% 1nov2035, USD (2025H)
0.80%
Frequently asked questions about BSMZ and FLMI
How have the BSMZ and FLMI ETFs performed in 2026?
As of October 16, 2026, BSMZ is down -3.02% year-to-date (YTD), while FLMI has lost -4.5%. That puts BSMZ better performer ahead so far this year.
Which ETF is attracting more investor money: BSMZ or FLMI?
Year-to-date, the BSMZ ETF saw +$48M in flows, compared to +$1.09B for FLMI.
Which ETF is more volatile: BSMZ or FLMI?
Over the past year, BSMZ had a volatility of 3.99%, while FLMI experienced 3.69%.
Which ETF is bigger: BSMZ or FLMI?
As of October 16, 2026, BSMZ holds $69.48 M in assets under management (AUM), while FLMI manages $2.31 B.
What sectors do the BSMZ and FLMI ETFs invest in?
BSMZ leans toward sectors like Municipal. Meanwhile, FLMI focuses on Municipal.
What are the top holdings of the BSMZ ETF and FLMI ETF?
BSMZ top holdings include New York Liberty Development Corp., 5.25% 1oct2035, USD (2005), New York Thruway Authority, 5% 15mar2055, USD (2025B) and Massachusetts School Building Authority, 5% 15feb2055, USD (2025). FLMI holds in its top three: Black Belt Energy Gas District, 5% 1oct2035, USD (2025), Southeast Energy Authority, 5% 1nov2035, USD (2024A) and Kentucky Public Energy Authority, 5% 1may2036, USD (2025).
Which ETF is more diversified: BSMZ or FLMI?
BSMZ holds 1611 securities with 6.39% of its assets in the top 15. FLMI has 1414 securities and a top 15 weight of 19.5%.
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Latest news about BSMZ & FLMI
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